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Income Tax Appellate Tribunal, DELHI BENCHES : ‘I-1 : NEW DELHI
Before: SHRI R.S. SYAL & SHRI K.NARASIMHA CHARY
ORDER R.S. SYAL, VP: The present appeal by the Revenue is directed against the final assessment order passed by the Assessing Officer u/s 143(3) r.w.s. 144C of the Income-tax Act, 1961 08th January, 2015, in relation to the assessment year 2010-11.
During the course of hearing, the ld. AR submitted that pursuant to the mandate of section 268A the CBDT has issued Circular No. 03 of 2018, dated 11th July, 2018 with retrospective effect, revising the monetary limit to Rs.20,00,000/- for not filing appeals before the Tribunal. He further submitted that as the tax effect involved in the instant appeal is less than Rs.20,00,000/-, the extant appeal is not maintainable. The ld. D.R., although supported the order of the Assessing Officer, but could not controvert the fact that tax effect involved in this appeal is less than Rs.20,00,000/-.
We have heard the parties and perused the relevant material on record. Going by the prescription of the aforenoted Circular, it is palpable that the Instruction is applicable to the pending appeals also with retrospective effect and there is a clear-cut direction to the Department to withdraw or not press such appeals filed before the ITAT, wherein tax effect is less than Rs.20,00,000/-. We are, therefore, of the view that the Revenue should have either not filed the instant appeal before the Tribunal or withdrawn the same as the tax effect in this appeal is admittedly less than the prescribed limit, i.e., Rs. 20,00,000/- for not filing the appeal. Accordingly, we dismiss the instant appeal without going into merits of the case. However, the Department is at liberty to file the Miscellaneous Application, if the tax effect is found to be more than the prescribed limit of Rs.20,00,000/- or otherwise.
Accordingly, the appeal of the Revenue stands dismissed.
In the result, the appeal of the Revenue stands dismissed.